Title: No credit? 3 steps to qualify for a great credit card
1No credit? 3 steps to qualify for a great credit
card
A credit card is a swipe in and swipe out easy
financing tool. It lies in your pockets and gives
you financial support when you dont have cash.
However, since a credit card is unsecured, the
eligibility criteria is high. An individual with
no credit record or background can not get a
credit card from any bank or non-financial
institution easily. However, the good news is
that there are some steps that can get you a
credit card.
2What is no credit?
- A no credit situation is the worst one that
someone can face in life. However, this situation
is not an emergency but a self-created one. This
happens when an individual is left with no
credit. A bad credit score, insufficient
financial support, a bad credit record, a messy
credit report and a negative approach to credit.
This is a no credit situation where an individual
is not entitled to any kind of borrowing
opportunities with any bank or financial
institutions. In such a situation, getting a
credit card becomes difficult.
3Steps to qualifying for a credit card
Credit builder loan The credit builder loan is
not a very popular one, but it does exist. Here
you will have to pay the loan installment to the
loan provider before he offers you a loan. You
pay a small installment and then he pays you back
the entire amount at once. Why this? The payments
that you make get registered with the credit
bureaus. This will help with credit building from
scratch. These payments will be accounted for and
your credit will rise. Apply for small business
loan.
4- How is your score calculated?
- Open a secured credit card After making a small
payment, you will receive a good amount of funds
from the loan provider. Instead of spending that
small windfall, take it and use it as a deposit
on a secured credit card. Secured credit cards
require a cash security deposit, which is usually
equal to your credit limit. This will help in
building good credit stability.
5- How to Improve Your Credit Score?
- Apply for a credit card By now you will be able
to build your credit and you can now get a credit
card easily from any reputed bank. It gives you a
credit card along with a good credit record.
6Clix Capital Services Pvt. Ltd.
- Address
- 901b, 9th Floor, Two Horizon Centre, DLF Phase V
- Gurgaon, Haryana, India 122002
- Phone Number 1800 200 9898
- Website https//www.clix.capital/check-credit-sco
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